Quadplex with Updated
704 S ORCHARD DR Bountiful, UT 84010
For Sale
$1,750,000
Quadplex with 94% occupancy and recent unit improvements, with utilities partly covered by the owner.
Property Size9,050 SF
Price / SF$193.37
Days on Market9
Property Features for 704 S ORCHARD DR
General Information
Standard status
Active
Size
9,050 SF
Property subtype
> 4 Units
Building Details
Year Built
1961
Listing Agency:
Realtypath LLC (Innovate)
(801) 888-6591
Listed By:
Julie Pace
(801) 888-6591
Source:
Liftrealty
Added: Jul 21
Changed: Jul 25
Last Checked: Jul 29 at 6:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realtypath LLC (Innovate)
Investment Insights
Based on property information with market context.
This quadplex offers an income-focused structure with a reported 94% occupancy rate over the last seven years. Total rent is stated at $9,485 per month, and the owner pays $240 per month for utilities (water, sewer, and garbage), while tenants pay all other utilities. The seller reports that current tenants were vetted with criteria including proven income of 3 times the rent, credit score of 650+, and no criminal history, with requirements of no pets and no smoking.
One unit has recently been completely updated, including fresh paint, new kitchen cabinets and countertops, new bathroom vanities, new LVP vinyl flooring, and new lighting, with carpet installation scheduled for July 24. That unit is available to show until August 1. A second unit received bathroom updates in 2025.
The property is offered for sale at 704 S ORCHARD DR, Bountiful, UT 84010. Square footage is provided as a courtesy estimate only and was obtained from county records; buyers are advised to verify measurements. Please do not disturb tenants—contact the agent to schedule a viewing.
One unit has recently been completely updated, including fresh paint, new kitchen cabinets and countertops, new bathroom vanities, new LVP vinyl flooring, and new lighting, with carpet installation scheduled for July 24. That unit is available to show until August 1. A second unit received bathroom updates in 2025.
The property is offered for sale at 704 S ORCHARD DR, Bountiful, UT 84010. Square footage is provided as a courtesy estimate only and was obtained from county records; buyers are advised to verify measurements. Please do not disturb tenants—contact the agent to schedule a viewing.
Key Highlights
- Quadplex built in 1961 with 94% occupancy over the last 7 years
- Current rents total $9,485/month
- Owner pays $240/month for water, sewer, and garbage; tenants pay other utilities
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $175.4k | $19.38 |
| − Vacancy | −$16.7k | −$1.84 |
| EGI | $158.7k | $17.54 |
| − OpEx | −$47.6k | −$5.26 |
| NOI | $111.1k | $12.28 |
9,050 SF · lease $19.38/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.59M
$1.39M – $1.85M
NOI $111,109 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $102,945 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,312 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with 94% occupancy and recent unit improvements, with utilities partly covered by the owner.
Where is this quadplex located?
The property is located at 704 S ORCHARD DR Bountiful, UT.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Quadplex built in 1961 with 94% occupancy over the last 7 years; Current rents total $9,485/month; Owner pays $240/month for water, sewer, and garbage; tenants pay other utilities
